Home>FOMC Laying the Groundwork for an Exit Strategy? Investment Implications.

FOMC Laying the Groundwork for an Exit Strategy? Investment Implications.

Perspectives Content Submission

Fri, 28 Dec 2012

Yesterday’s FOMC meeting was a surprisingly eventful one that injected some volatility into financial markets. As expected, the Fed left its target rate of 0 – ¼ percent unchanged and implemented more quantitative easing (QE). It announced additional monthly purchases of agency mortgage-backed se…

During his keynote presentation at the Morningstar Investment Conference, the PIMCO manager made the case that high debt levels and a need for financial stability mean that centralbanks should keep real rates close to zero for some time.